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Structured with artists in mind, this seminar is designed to walk you through your tax return, addressing common artist concerns and important IRS regulations pertaining to creative practices including:
· What it means to be self-employed/independent contractor
· Keeping records of income and expenses
· Business v Hobby rules as applied to tax
· Combination of W-2 and 1099 tax reporting
· What’s deductible?
· What the self-employment tax is and how it is paid?
· Estimated tax payments
· Other taxes – Sales, Franchise, Business Personal Property
· Information on the child tax credit and student loans
· And More!
